CPI Inflation

Bond Vigilantes May Be Lurking On Easying Path

The S&P 500 and Nasdaq jumped to new record highs following the release of July's CPI report today. The headline inflation rate held steady at 2.7%, while the core rate warmed a bit to 3.1%. Stock investors concluded that the Fed is even more likely to ease in September. Indeed, the CME FedWatch tool now shows that the odds of that happening are 94.